Crypto Analyst Predicts Big Dogecoin Rally After DOGE Prints Bullish Pattern – Here’s His Price Target
A closely followed crypto strategist believes that top memecoin Dogecoin ( DOGE ) has massive upside potential after a breakout.
Analyst Ali Martinez tells his 85,200 followers on the social media platform X that DOGE may continue to surge after printing a bull flag pattern on the four-hour timeframe.
In technical analysis, a bull flag is viewed as a continuation pattern, indicating that an asset is consolidating and gearing up for a fresh rally.
“Dogecoin is breaking out of a bull flag, which anticipates a 120% rally to $0.82 as long as the $0.37 support holds.”
Source: Ali Martinez/X
DOGE is trading for $0.3771 at time of writing, down 3.1% in the last 24 hours.
Next up, the analyst says that layer-2 scaling solution Polygon ( POL ) may be gearing up for a rally.
Martinez shares an In/Out of the Money Around Price (IOMAP) chart, which aims to show addresses that are profiting (in the money), breaking even (at the money), or losing money (out of the money) on their positions.
“81.60% of Polygon holders are currently ‘out of the money.’ With the level of skepticism surrounding this coin, a disbelief rally could be on the horizon!”
Source: Ali Martinez/X
He says that Polygon’s project’s network activity is increasing, which signals a potential breakout.
“Polygon is experiencing an important spike in on-chain metrics, with daily active addresses, transaction volume and whale activity. These are all signs of growing interest and market participation, which typically suggest a bullish outlook for POL.”
Source: Ali Martinez/X
Polygon is trading for $0.4349 at time of writing, up 1.6% in the last 24 hours.
Lastly, the analyst says that the TD Sequential indicator is flashing bullishness for the popular meme asset dogwifhat ( WIF ).
Traders use the TD Sequential indicator to predict potential trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candles.
“The TD Sequential indicator presented a buy signal on the WIF four-hour chart, anticipating a price rebound to $3.80!”
Source: Ali Martinez/X
WIF is trading for $3.11 at time of writing, down 4.9% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over
As the Nasdaq falls into a correction zone, Cathie Wood ("Sister Wood") stated that the prevailing market anxiety actually makes her more confident in the continuation of the bull market. She attributes this correction to pressures in the bond market and controversies over AI capital expenditures, but emphasizes that the technological revolution is still ongoing. She also revealed that ARK has used the opportunity to increase its holdings in high-conviction positions such as SpaceX, and expects the stock market to perform well through 2027.
After the "Black Week" for tech stocks, Wall Street calls for "bottom fishing"
Morgan Stanley has made it clear that "the next two to three weeks are the time to increase positions." Ed Yardeni characterizes the current downturn as a "correction" rather than the bursting of a bubble. Major Wall Street institutions have an average year-end target for the S&P 500 of 7,973 points. However, most strategists believe that the direction of AI policy remains the largest variable.
CoreWeave writes to Texas governor-elect seeking "data center consultation"
In this open letter, Michael Intrator stated that CoreWeave "strongly supports" Hinojosa's principled position that the growth of data centers must benefit the people of Texas. "We welcome the opportunity to work with your transition team to responsibly advance approved projects and to establish clear and lasting standards for future developments," he said.
Crypto prices
More
